Investors | Dec 12, 2019 TRS Illinois renews consultant contract, funnels capital into real assets by Kali Persall The $52.3 billion Teachers’ Retirement System of Illinois (TRS) has renewed the contract for its investment consultant for real estate and real assets.
Transactions | Dec 12, 2019 Starwood Real Estate Income Trust acquires mixed-use property in Durham by Andrea Zander Starwood Real Estate Income Trust (SREIT), a nontraded REIT managed by Starwood Capital Group, has acquired Exchange on Erwin.
Research | Dec 12, 2019 U.S. renters spent $4.5t on housing this decade by Released U.S. renters spent a cumulative $4.5 trillion on rent during the 2010s, according to a new Zillow® analysis.
Investors | Dec 12, 2019 RPT Realty forms JV with GIC by Andrea Zander RPT Realty has formed a new joint venture with GIC, Singapore’s sovereign wealth fund.
Investors | Dec 12, 2019 Greystar hires managing director to lead new Japan office by Released Greystar Real Estate Partners and its affiliates have opened an office in Tokyo to capitalize on the significant multifamily opportunities in key cities throughout Japan.
Transactions | Dec 12, 2019 Blackstone sells Spanish offices to French Tikehau, Singapore’s IREIT for €130m by Andrea Zander Blackstone has sold four office buildings in Madrid and Barcelona to French asset manager Tikehau Capital and Singapore’s IREIT Global for a price of €130 million ($144 million).
Transactions | Dec 12, 2019 HFZ Capital JV acquires largest distribution center in Florida by Released HFZ Capital Group and Reich have acquired the largest distribution center in Florida.
Research | Dec 12, 2019 AEW 2020 European Outlook: Bad headlines can mean good news for property by Andrea Zander Despite worsening global economic growth and business confidence, AEW’s 2020 European Outlook report highlights that the outlook for property has improved.
Transactions | Dec 12, 2019 Tricon expands Nashville footprint with $210m single-family portfolio acquisition by Andrea Zander Tricon Capital Group announced that its single-family rental joint venture, TAH-JV1, has acquired a portfolio of 708 homes located in Nashville.
Investors | Dec 11, 2019 Bridge Development Partners and PGIM Real Estate form $150m cold storage JV by Andrea Zander Bridge Development Partners and PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., have launched a $150 million national cold storage investment program, targeting $400 million in assets.
Transactions | Dec 11, 2019 Allianz completes joint venture acquisition of two Paris office developments for €415.6m by Released Allianz Real Estate has acquired two manage-to-core office developments in Saint-Ouen, Paris, on behalf of several Allianz group companies.
Transactions | Dec 11, 2019 Starwood Real Estate Income Trust acquires first industrial portfolio by Released Starwood Real Estate Income Trust (SREIT), a nontraded REIT managed by Starwood Capital Group, announced today the acquisition of the Midwest Industrial Portfolio, a 33-asset portfolio.
Research | Dec 11, 2019 Callan’s 2019 Investment Management Fee Study uncovers what institutional investors are actually paying by Released Callan, a leading institutional investment consulting firm, has announced the release of its 2019 Investment Management Fee Study — its eighth examination in over 30 years.
Transactions | Dec 11, 2019 Cousins Properties to sell Charlotte, N.C., Office Tower for $455m by Released Cousins Properties has announced that Truist Financial Corp., a merger between BB&T and SunTrust, has exercised its option to purchase Hearst Tower in Uptown Charlotte.
Transactions | Dec 11, 2019 Skanska divests interest in in Houston office tower for $373m by Released Skanska has sold a 90 percent interest in the Bank of America Tower office property in Houston, Texas.
Fundraising | Dec 11, 2019 AEW Capital Management launches AEW Value Investors Asia IV fund by Kali Persall AEW Capital Management has launched a new fund targeting value-add investments in Asia.
Transactions | Dec 11, 2019 AXA IM, Allianz and APG partner with Scape to acquire Australia’s largest student accommodation portfolio by Released The Australian Student Accommodation Program Joint Venture (ASAP JV) has entered into binding contracts to acquire Urbanest, the owner of Australia’s largest purpose built student accommodation (PBSA) portfolio.
Transactions | Dec 11, 2019 Colony Capital closes sale of light industrial portfolio to Blackstone by Released Colony Capital has closed the previously announced sale of its light industrial logistics assets and its affiliated industrial operating platform to Blackstone Real Estate Partners IX.
Research | Dec 11, 2019 Yardi Matrix shows U.S. multifamily market wrapping up a strong year by Released Demand for multifamily housing remains high across the United States, according to a new report from Yardi® Matrix.
People | Dec 11, 2019 PGIM Real Estate adds two in latest hiring spree by Kali Persall PGIM Real Estate, the $1.3 trillion global investment management business of Prudential Financial, has made several appointments in an effort to strengthen its EMEA business development team.
